Property profile

301 Converse Center St Converse, TX 78109

FOR LEASE
Garden apartment buildings
Property ID
US82-2616964
40,512 SF 9.42 ac lot Built 2007
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.6-acre commercial land parcel presents a unique build-to-suit opportunity in the thriving Converse, Texas market. Located at 301 Converse Center St, with frontage on South Seguin Road, this property boasts exceptional visibility and accessibility. The site is ideally situated amongst established retailers including O'Reilly Auto Parts, Family Dollar, McDonald's, Pizza Hut, Domino's Pizza, and a Shell Gas Station, ensuring high traffic volume – a daily count of 22,596 vehicles. The strong demographics further enhance the investment potential: within a 5-mile radius, the population exceeds 205,899, with a median household income of $81,648 and a median home value of $288,959. The property's commercial zoning allows for a diverse range of development possibilities, including the potential for a drive-thru. This presents a compelling opportunity for developers seeking a high-traffic location with strong surrounding businesses and a robust consumer base. The site's strategic location and favorable market conditions make it an ideal investment for those seeking to establish a new business or expand an existing one. This is a rare opportunity to capitalize on a prime location in a rapidly growing area. Don't miss out on this chance to build your vision in Converse, TX.

Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 2007
Total area 40,512 SF
Lot 9.42 ac (410,292 SF)
APN 05063-902-0020
UPID US82-2616964

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash
  • Apartment Building Apartment Complex
  • Locksmith

Location

301 Converse Center St Converse, TX 78109
Converse metro Census 131608 SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.57M
Blend (final) Blend
$1.29M

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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